The Dormant Trust Balances report provides a list of trust balances that are dormant or are approaching dormancy.
This report is usually generated in response to requests from auditors but also helps your firm address trust balances before they become dormant.
Filters
- You must select an account in the Trust Account filter in order to run the report.
- The As At Date filter allows you to exclude data from after a specific date. For example, if the As At Date is set to 1/1/2024, data from after 1/1/2024 will be excluded from the report.
- The report will only show trust balances that have a Last Transaction Date that is older than or equal to the date entered in the Dormant Since filter.
- For example, if the Dormant Since filter is set to one year prior to today’s date (which is the default value), the report will only include trust balances that haven’t had a transaction for at least a year.
- The Person Responsible filter allows you to limit the results to specific individuals.